Author: Duc Dao

The optimal development path for startups in Vietnam at the moment is to join conglomerates, such as via merger & acquisition (M&A) deals, instead of striving for initial public offering (IPO), said Erik Duong, founder of Web3 X, an investment fund and incubator specializing in Web3 and Blockchain startups.

Electric vehicle manufacturer VinFast, under the ecosystem of Vietnam's conglomerate Vingroup, has signed memoranda of understanding with 14 e-scooter distributors in the Philippines, as part of its plan to expand its retail and service network ahead of a market launch scheduled for June 2026.

OKG Ventures Limited, associated with OKG Technology and OKX Ventures, has contributed VND1,000 billion ($37.9 million) in the charter capital of Vietnam Prosperity Crypto Asset Exchange Joint Stock Company (CAEX), one of the first crypto trading platforms in Vietnam.

Singapore Gulf Bank (SGB) has launched a stablecoin minting and redemption service, allowing corporate and high-net-worth clients to convert between fiat currency and stablecoins directly from their bank accounts.

Earth Venture Capital, a climate tech venture capital firm focusing on decarbonization, has announced its participation in Sygaldry Technologies’ $139 million financing round, which includes both a $34 million seed round and a $105 million Series A.

Tencent Cloud, a leading cloud company, has launched its 2026 “AI CAN DO IT” Game Development Hackathon during the “Tencent AI Campus Tour” event held at the University of Hong Kong on April 16.

Vietnam's affordable airline Vietjet and China's SPDB Financial Leasing (SPDBFL), a subsidiary of Shanghai Pudong Development Bank, have signed an agreement for the finance lease of 10 COMAC C909 aircraft.

Vietnam is planning to establish a national artificial intelligence (AI) development fund, with the State budget funding at least VND30,000 billion ($1.14 billion), according to the Ministry of Science and Technology's draft decree for the fund.

Farmnet, the Vietnam-based trading arm of agricultural supply chain firm TechCoop, has received a $11.75 million senior secured loan from Symbiotics, a Geneva-based impact investment firm.

Foxconn, also known as Hon Hai Precision Industry, will invest $58.3 million more in its Vietnamese subsidiary Fushan Technology (Vietnam), according to a filing of the Taiwanese electronic giant sent to the Taiwan Stock Exchange (TWSE) on Wednesday.